GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Eni SpA (NYSE:E) » Definitions » Cyclically Adjusted Book per Share

E (Eni SpA) Cyclically Adjusted Book per Share : $36.46 (As of Sep. 2024)


View and export this data going back to 1995. Start your Free Trial

What is Eni SpA Cyclically Adjusted Book per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

Eni SpA's adjusted book value per share for the three months ended in Sep. 2024 was $36.056. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is $36.46 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Eni SpA's average Cyclically Adjusted Book Growth Rate was -0.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 2.90% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 1.40% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 1.10% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Eni SpA was 11.60% per year. The lowest was -0.80% per year. And the median was 4.70% per year.

As of today (2024-12-13), Eni SpA's current stock price is $27.87. Eni SpA's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2024 was $36.46. Eni SpA's Cyclically Adjusted PB Ratio of today is 0.76.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Eni SpA was 1.16. The lowest was 0.40. And the median was 0.88.


Eni SpA Cyclically Adjusted Book per Share Historical Data

The historical data trend for Eni SpA's Cyclically Adjusted Book per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Eni SpA Cyclically Adjusted Book per Share Chart

Eni SpA Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 34.79 36.32 34.39 35.85 36.36

Eni SpA Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Cyclically Adjusted Book per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 34.65 36.36 35.71 35.39 36.46

Competitive Comparison of Eni SpA's Cyclically Adjusted Book per Share

For the Oil & Gas Integrated subindustry, Eni SpA's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Eni SpA's Cyclically Adjusted PB Ratio Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Eni SpA's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Eni SpA's Cyclically Adjusted PB Ratio falls into.



Eni SpA Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Eni SpA's adjusted Book Value per Share data for the three months ended in Sep. 2024 was:

Adj_Book= Book Value per Share /CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=36.056/121.2000*121.2000
=36.056

Current CPI (Sep. 2024) = 121.2000.

Eni SpA Quarterly Data

Book Value per Share CPI Adj_Book
201412 42.877 99.721 52.112
201503 39.174 99.814 47.567
201506 38.227 100.279 46.202
201509 36.537 100.000 44.283
201512 33.573 99.814 40.766
201603 32.200 99.600 39.183
201606 32.313 99.900 39.203
201609 30.942 100.100 37.464
201612 30.789 100.300 37.205
201703 31.243 101.000 37.492
201706 30.226 101.100 36.235
201709 30.520 101.200 36.552
201712 31.440 101.200 37.653
201803 32.695 101.800 38.926
201806 32.414 102.400 38.365
201809 32.930 102.600 38.900
201812 32.234 102.300 38.189
201903 33.082 102.800 39.003
201906 31.973 103.100 37.586
201909 31.699 102.900 37.336
201912 29.757 102.800 35.083
202003 28.008 102.900 32.989
202006 24.637 102.900 29.019
202009 24.235 102.300 28.712
202012 25.482 102.600 30.102
202103 26.575 103.700 31.060
202106 27.314 104.200 31.770
202109 26.553 104.900 30.679
202112 28.370 106.600 32.256
202203 29.474 110.400 32.357
202206 31.153 112.500 33.562
202209 33.953 114.200 36.034
202212 34.679 119.000 35.320
202303 35.257 118.800 35.969
202306 36.056 119.700 36.508
202309 37.115 120.300 37.393
202312 36.037 119.700 36.489
202403 36.917 120.200 37.224
202406 36.785 120.700 36.937
202409 36.056 121.200 36.056

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


Eni SpA  (NYSE:E) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Eni SpA's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=27.87/36.46
=0.76

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Eni SpA was 1.16. The lowest was 0.40. And the median was 0.88.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Eni SpA Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of Eni SpA's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Eni SpA Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Eni SpA (NYSE:E) » Definitions » Cyclically Adjusted Book per Share
Address
1, Piazzale Enrico Mattei, Rome, ITA, 00144
Eni is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2023, the company produced 0.8 million barrels of liquids and 4.6 billion cubic feet of natural gas per day. At end-2023, Eni held reserves of 6.4 billion barrels of oil equivalent, 48% of which are liquids. The Italian government owns a 30.1% stake in the company. Eni is placing its renewable and low-carbon business in a separate entity called Plentitude, which it will likely list publicly at some point.

Eni SpA Headlines

From GuruFocus

Q3 2023 Eni SpA Earnings Call Transcript

By GuruFocus Research 02-10-2024

Q1 2024 Eni SpA Earnings Call Transcript

By GuruFocus Research 04-25-2024

Q1 2022 Eni SpA Capital Markets Day Transcript

By GuruFocus Research 02-10-2024

Preliminary 2021 Eni SpA Earnings Call Transcript

By GuruFocus Research 02-10-2024

Q3 2024 Eni SpA Earnings Call Transcript

By GuruFocus News 10-26-2024

Q1 2021 Eni SpA Earnings Call Transcript

By GuruFocus Research 02-10-2024

Q3 2021 Eni SpA Earnings Call Transcript

By GuruFocus Research 02-10-2024

Q2 2021 Eni SpA Earnings Call Transcript

By GuruFocus Research 02-10-2024